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December 5, 2024
BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021. Crypto mining company BIT Mining says its move to mine proof-of-work coins Dogecoin and Litecoin has been far more profitable than mining only Bitcoin. BIT Mining, which previously only mined Bitcoin (BTC),...
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Calls for altseason are a little quieter as Bitcoin dominance recovered after surging past $100,000 for the first time in history. Bitcoin dominance — a measure of how much of the crypto market’s total value belongs to BTC — has rebounded as the asset hit a six-figure all-time high on Dec. 5, while most altcoins...
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Haliey Welch’s memecoin “HAWK” has plunged 90% since launch, though Welch has denied any insider sales from herself or her team. The launch of viral influencer Haliey Welch’s Hawk Tuah memecoin (HAWK) sparked outrage across social media as the token briefly pumped and then dumped rapidly following a controversial deployment involving alleged snipers and insider...
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A crypto analyst predicts that Bitcoin won’t linger long around the $100,000 level now that the “psychological” barrier has been broken, as the moment will gain widespread attention. Bitcoin has hit $100,000 for the first time, but analysts say it won’t stay there long as breaking the psychological price barrier is expected to attract more...
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Long-bankrupt crypto exchange Mt. Gox moved over 24,000 Bitcoin to an unknown address after the cryptocurrency struck above $100,000. Long-collapsed crypto exchange Mt. Gox moved over 24,000 Bitcoin, worth nearly 2.47 billion, to an unknown address on Dec. 5 after the cryptocurrency hit a milestone of $100,000. Arkham Intelligence data shows the exchange moved 24,051...
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Hut 8 stock surged almost 8% following the announcement of the stock repurchase program. North American Bitcoin mining company Hut 8 has announced a $500 million stock repurchase program, with the proceeds going toward growth initiatives, including buying Bitcoin as a strategic reserve. Hut 8’s at-the-market (ATM) offering program will enable the company to sell...
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Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next? Bitcoin has surged past the critical $100,000 level, marking a psychological milestone for crypto traders and vindication for hodlers and true believers. The price has been surging skywards ever since...
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DoubleZero’s goals are to increase bandwidth and reduce latency for blockchain projects and possibly other networks, such as those used for online gaming. Solana Foundation Strategy Lead Austin Federa has left the project to co-found a new protocol and network geared toward managing high-performance, permissionless networks. In a Dec. 4 statement on X, Federa said ...
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Nine of the 30 spots in the finance category for Forbes’ “30 Under 30” list for 2025 were taken up by crypto company founders. North America’s crypto industry young guns made up nearly a third of the spots in the Forbes “30 Under 30” category for finance for 2025, highlighting 14 founders across nine crypto...
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Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April’s halving and Donald Trump’s US election win. The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth. Bitcoin (BTC) hit the $100,000 price mark on...
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